V-Vehicle Co renews Guide Corp. plant lease in Ouachita Parish

9:16 AM,
Apr. 20, 2010

Written by

Greg Hilburn ? ghilburn@thenewsstar.com
Gannett Louisiana

MONROE - V-Vehicle Co. has renewed its lease of the former Guide Corp. plant in Ouachita Parish where it plans to build new cars if the company can secure more than $320 million in low-interest federal loans to finance the project.

The company had canceled its lease with owner James Davison just before it would have been automatically renewed on April 1.

"It was important for us to renew this lease," said David Hitchcock, V-Vehicle's vice president of Louisiana operations. "We remain committed to building great cars in northeast Louisiana." ...